Upgrade Alert for Copa Holdings (CPA)
Copa Holdings (NYSE:CPA) was upgraded from Hold to Buy at Deutsche Bank today. The stock closed yesterday at $93.17 on volume of 1.1 million shares, above average daily volume of 473,000.
Based on a current price of $93.17, Copa Holdings is currently 34.5% above its average consensus analyst price target of $61.00. Copa Holdings shares have support at the 50-day moving average (MA) of $65.44 and additional support at the 200-day MA of $56.35.
Copa Holdings SA provides international airline passenger and cargo service. The Company provides scheduled flights to countries in North, Central and South America and the Caribbean. The Company also has codeshare arrangements with Continental Airlines.
In the past 52 weeks, Copa Holdings share prices have been bracketed by a low of $39.03 and a high of $110.99 and closed yesterday at $93.17, 139% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.5%.
SmarTrend recommended that subscribers consider buying shares of Copa Holdings on September 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $83.25. Since that recommendation, shares of Copa Holdings have risen 10.0%. We continue to monitor CPA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades copa holdings